Public school and municipal retirement funds generate 20% returns, but retirees pocket only 3%. Layers of fees from fund managers and intermediaries capture the rest of the gains.
Today in The Deal Room. Government funds of all these schools and municipalities, they have to invest in things to make money to pay those retirement fees that the people that are on retirement collecting a check, they don't get that money from the—
Wait, to pay people's pensions you're talking about?
No, to pay the pension, they invest money into stuff that's kicking back to them. 20% IRR. You can self-direct any of your retirement funds because the retirement fund manager himself is making money off your money doing it. He's investing into something with 20%, handing you, the guy, the, the retiree in the future, 3%. Where did the rest of that money go?
His fees.
Not only his fees, but our fees and their fees. And that's what we discovered yesterday, is the ecosystem takes the majority of the returns and hands the actual investor like a dime. Wow. Out of that dollar.
Mind-Blowing Phone Farms Explained: Unlock Social Media Growth Secrets! #shorts
Planning Secret Investor Retreats with Prism Jets: The Ultimate Networking Hack! #shorts
